7508, Golden Mile 07
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7508, Golden Mile 07
What is 7508 worth today?
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Source: Dubai Land Department. Updated 16 March 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 3,328 sqft
- Floor
- 5th of 7
- Parking
- Building 7-B3-65
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 51,500 /yr
- Last sold
- AED 4.35M · March 2023
- Building
- Golden Mile 07
About 7508, Golden Mile 07
7508 is a three-bedroom apartment of 3,328 sqft on the 5th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 16 March 2023 for AED 4,350,000, or AED 1,307 per sqft.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 22 October 2022, is AED 197,260 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 51,500 a year.
Sales and rents for 7508 over time
7508 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Golden Mile 07, and where 7508 sits
All 14 3-beds →7508's AED 197,260 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Apr 202515 April 2025 | 4,881 sqft | 7,750,000 | 1,587 | ||
| 21 May 202421 May 2024 | 5,063 sqft | 7,850,000 | 1,550 | ||
| 21 Dec 202321 December 2023 | 2,414 sqft | 4,000,000 | 1,656 | ||
| 5 Jun 20235 June 2023 | 3,328 sqft | 4,300,000 | 1,292 |
Golden Mile 07
Building79 apartments, 1-bed to 4-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,762
- Typical sale
- AED 17.5M
- Typical rent
- AED 170K /yr
- Typical yield
- 5.2%
Other units on the 5th floor
All 79 units in Golden Mile 07| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7501 | 1-bed | 1,305 sqft | AED 2.4MAED 2,400,000 · May 2024May 2024 | 105,000 /yr | |
| 7502 | 2-bed | 1,799 sqft | AED 1.8MAED 1,800,000 · Jun 2009June 2009 | 132,200 /yr | |
| 7503 | 2-bed | 1,800 sqft | AED 1.8MAED 1,800,000 · Jun 2009June 2009 | 170,000 /yr | |
| 7504 | 1-bed | 1,307 sqft | AED 2.17MAED 2,170,000 · Dec 2023December 2023 | 140,000 /yr | |
| 7505 | 2-bed | 1,807 sqft | AED 2.6MAED 2,600,000 · Mar 2014March 2014 | ||
| 7506 | 1-bed | 1,290 sqft | AED 910KAED 910,000 · Feb 2012February 2012 | 150,000 /yr | |
| 7507 | 2-bed | 1,888 sqft | AED 2MAED 2,000,000 · May 2010May 2010 | 104,500 /yr | |
| 7509 | 2-bed | 1,788 sqft | AED 2.61MAED 2,605,000 · Jan 2023January 2023 | 220,000 /yr | |
| 7510 | 2-bed | 1,794 sqft | AED 1.2MAED 1,200,000 · Nov 2020November 2020 | 180,000 /yr | |
| 7511 | 2-bed | 1,794 sqft | AED 3.2MAED 3,200,000 · May 2024May 2024 | 140,000 /yr | |
| 7512 | 3-bed | 2,414 sqft | AED 3.6MAED 3,600,000 · May 2023May 2023 | 165,000 /yr |
7508, Golden Mile 07 in numbers
- Sold twice: first on 21 May 2009 for AED 3,100,000, last on 16 March 2023 for AED 4,350,000 (AED 1,307 per sqft).
- Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 226,000 to AED 155,000 in 2021 and recovered to AED 197,260 by October 2022.
- At AED 197,260 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 51,500 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 16 March 2023.
Questions about 7508, Golden Mile 07
What did unit 7508 last sell for?
AED 4,350,000 on 16 March 2023: AED 1,307 per sqft for 3,328 sqft. The unit has 2 registered sales; the first was AED 3,100,000 in May 2009.
What is the rent for unit 7508?
AED 197,260 a year on the contract renewed on 22 October 2022. The previous contract, from October 2021, was AED 155,000; the unit has been rented since October 2017.
How big is unit 7508?
3,328 sqft (309.2 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 7508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 7508, Golden Mile 07
Starts from the last sale price (AED 4.35M, 16 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,350,000
- Deposit, UAE resident (20%)
- AED 870,000
- Deposit, non-resident (40%)
- AED 1,740,000
- Monthly over 25 years at 3.7%
- AED 17,797
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →